Global Wireless Audio Device Market Professional Survey, Growth, Shares, Opportunities and Forecast to 2024

Wireless

Global “Wireless Audio Device Market” report provides detail analysis of all market dynamics including drivers and restraints, and trends and opportunities. Important factors supporting growth across various is also provided. Using the industrial figures, the market finds growth figures between the forecast period from 2019 – 2024. In order to present an executive-level model of the market and its future perspectives, Wireless Audio Device Market report presents a clear segmentation based on different parameters. The factors that affect these segments are also discussed in detail in the report.

Following Companies Are Covered by Wireless Audio Device Market

Apple Inc.

Bose Corporation

DEI Holdings Inc.

Harman International Inc.

Koninklijke Philips N.V.

Sennheiser Electronic GMBH & Co. KG

Shure Incorporated

Sony Corporation

Vizio

Inc.

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Market Overview:

The wireless audio device market is expected to register a CAGR of 17.22 % during the forecast period 2019 – 2024. The consumers are swiftly evolving by integrating wireless connectivity across a host of devices such as sound bars, microphone, headphones, speaker docks, and home theatre in box systems which are providing a paradigm shift in the wireless audio device market.

– The major drivers of the wireless audio device market are increasing requirement for mobility, high expenditure on semiconductor for wireless devices and advancement in technologies and introduction of innovative devices.

– The growing technological propagation and amalgamation of wireless audio device products with a vast range of applications such as consumer, commercial, automotive and others are also the major factors driving the growth of the Wireless Audio Device Market.

– Moreover, growth of this market is propelled by the increasing demand for smartphones as a source of entertainment, consumer preferences for portable devices, and advancements in wireless technologies.

– However, issues related to frequency compliance and health are some of the factors challenging the growth of the market.

Scope of the Report:

A wireless audio system offers connectivity, expandability, flexibility, and convenience. Wireless audio devices use wireless platforms, such as Bluetooth, radio frequency, infrared, Wi-Fi, SKAA, and airplay for streaming music from audio-enabled devices to wireless output systems.

The Research Document Will Answer Following Questions Such as:

What are the cutting-edge technologies responsible for driving the growth of the market?

What are the main applications of the market? What are the growth prospects to the market applications into the market?

At what stage of development are the key market products?

What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?

What is the outlook for the industry?

What difference does performance characteristics of Wireless Audio Device create from those of established entities?

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Key Market Trends:

Bluetooth Technology to lead the Wireless Audio Device Market

– Bluetooth technology is a universally accepted standard and is compatible with almost every device, which stands as the primary reason behind the technology outperforming other technologies in the market.
– One such technological advancement was the introduction of Qualcomm aptX and Bluetooth 4.0, which has bought out a significant change in the speakers sound quality, bolstering its adoption. Bluetooth consumes less power, as compared to other wireless audio transmission technologies.
– This factor has made Bluetooth technology a preferred choice in smartphones, for wireless audio transmission. In addition, market incumbents, such as HTC, Samsung, and OnePlus have been identified to incorporate Bluetooth 5.0 technology into their smartphones, further increasing its adoption

Asia-Pacific to be the Fastest Growing Market

– Owing to the well-established consumer electronics market, Asia-Pacific has a major share of the market. Growing populations of middle-class consumers in evolving economies like China, India, and Japan are the main driving force behind the market growth.
– For instance, in China owing to the vast availability of resources and cheap labor, various multinational companies have also set up their manufacturing plants, thus making the country an ideal destination for multi-million investments in the field of wireless audio devices.
– Moreover, China is poised to be a leader, in terms of the volume of smartphones, with a 37% share, by 2018. India with its adaption to technology and increasing usage of smartphone is also strengthening its smartphone market share. This emphasizes the importance and growing demand for wireless audio devices in China as well as India.

Reasons for Buying Wireless Audio Device Market Report:

This report provides pin-point analysis for changing competitive dynamics

It provides a forward looking perspective on different factors driving or restraining market growth

It provides a five-year forecast assessed on the basis of how the market is predicted to grow

It helps in understanding the key product segments and their future

It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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Detailed TOC of Wireless Audio Device Market Report 2019-2024:

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Mobility Requirements
4.4 Market Restraints
4.4.1 Issues Related With Operating Frequency Compliance
4.5 Technology Snapshot
4.6 Industry Attractiveness – Porter’s Five Force Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Technology
5.1.1 Bluetooth
5.1.2 Airplay
5.1.3 Wi-Fi
5.1.4 Other Technologies
5.2 By Product
5.2.1 Sound Bars
5.2.2 Wireless Speakers
5.2.3 Wirerless Headsets & Microphones
5.2.4 Other Products
5.3 By Application
5.3.1 Consumer
5.3.2 Commercial
5.3.3 Automotive
5.3.4 Other Applications
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Rest of Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Apple Inc.
6.1.2 Bose Corporation
6.1.3 DEI Holdings Inc.
6.1.4 Harman International Inc.
6.1.5 Koninklijke Philips N.V.
6.1.6 Sennheiser Electronic GMBH & Co. KG
6.1.7 Shure Incorporated
6.1.8 Sony Corporation
6.1.9 Vizio, Inc.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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